Major Trillian stakeholder pulls out of company

WEB_PHOTO_Trillian_Capital_210717

The logo of Trillian Capital, an asset management company linked to the Gupta-family.

JOHANNESBURG - The major shareholder in Trillian Capital has sold his stake in the company.

The advisory firm has announced a new ownership structure that will see Salim Essa sell his entire stake to one of Trillian’s partners.

READ: Gupta-linked Trillian says it has proof against McKinsey

Trillian, a Gupta-linked company, came under fire after it was reported it had received almost half a billion rand in payments from Eskom, apparently as a subcontractor to McKinsey.

McKinsey has denied there was any such arrangement.

In a statement, Trillian denies any wrongdoing and says media reports have had a negative impact on its ability to operate optimally.

Parliament has been probing the matter in preparation for an inquiry into state capture.